TIM S.A. Sponsored ADR (NYSE:TIMB) Receives $23.67 Average Price Target from Brokerages

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $23.6667.

Several equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 price target on the stock. Weiss Ratings upgraded shares of TIM from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Barclays lifted their price objective on TIM from $23.50 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Finally, Citigroup lowered TIM from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TIMB. Citadel Advisors LLC grew its stake in shares of TIM by 878.4% in the 3rd quarter. Citadel Advisors LLC now owns 370,982 shares of the company’s stock worth $8,280,000 after buying an additional 333,066 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in TIM during the third quarter valued at $2,393,000. American Century Companies Inc. boosted its holdings in TIM by 26.4% in the second quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock worth $8,961,000 after acquiring an additional 93,179 shares in the last quarter. Millennium Management LLC boosted its holdings in TIM by 460.6% in the fourth quarter. Millennium Management LLC now owns 105,334 shares of the company’s stock worth $2,049,000 after acquiring an additional 86,545 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of TIM by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company’s stock worth $35,951,000 after acquiring an additional 82,700 shares during the last quarter.

TIM Stock Performance

Shares of NYSE:TIMB opened at $25.80 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $24.96 and a 200-day moving average price of $22.85. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 0.66 and a beta of 0.46. TIM has a 12 month low of $14.18 and a 12 month high of $27.74.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $1.30 billion. TIM had a return on equity of 17.84% and a net margin of 16.28%. As a group, equities analysts anticipate that TIM will post 1.34 EPS for the current year.

TIM Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, May 7th. Stockholders of record on Monday, March 30th will be given a $0.1552 dividend. The ex-dividend date of this dividend is Monday, March 30th. TIM’s dividend payout ratio is currently 84.38%.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA